Sports Direct International has refinanced its banking arrangements to provide funding to pursue its business and strategic objectives (Editor's Note: including a presence in most European countries). It has a contracted a new three-year unsecured credit facility of £220 million (€250.6m-$353.8m) with a group of 10 banks led by HSBC, Barclays and Handelsbanken. Interest is set at 1.75 percentage points above Libor rates at the current level of Sports Direct's debt. Separately, Sports Direct confirms that no individuals connected with the company are under investigation in the price-fixing case launched by the Serious Fraud Office against it and JJB Sports.

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